All Reports

This morning, Amphenol (APH; $65.02; E/W) announced plans to acquire CommScope’s (COMM; $1.85; NR) Outdoor Wireless Networks (OWN) business as well as its Distributed Antenna Systems (DAS) portfolio from within a Networking, Intelligent Cellular and…

This morning, the European Automobile Manufacturers Association released car registration data from the region for the month of June, which was somewhat above seasonal trends including some healthier hybrid electric vehicle trends. More to the…

We are confident Amkor Technology (AMKR; $41.22; E/W) still guides to a significant sales recovery in H2 when it reports Q2 results on July 29th (after market) since our checks suggesting confidence in at least…

We think the “bar has been raised” for Corning (GLW; $45.84; O/P) into its Q2 results and outlook, scheduled for July 30th (before market), given how well received its recent positive Q2 update was received…

We stick with our EPS estimates for Benchmark Electronics (BHE; $41.86; E/W) ahead of its Q2 print and guidance on July 30th (after market). Specifically, we model Q2E sales, operating margin, and EPS at $638mm…

The shares of Sensata (ST; $41.71; E/W) are still up 17% since announcing on 4/29 that it entered into Cooperation and Information Sharing Agreements with Elliott Investment Management and that CEO Jeff Cote would step…

We reiterate our Outperform and raise our target from $65 to $75 on the shares of Celestica (CLS; $63.27) ahead of its Q2 results, scheduled for next Wednesday (7/24 after market). Admittedly, our basis for…

We reiterate our Outperform rating and $40 target on the shares of Flex (FLEX; $31.82) ahead of its FQ1E (Jun) results and outlook, which are scheduled for next Wednesday (7/24 before market). More to the…

We reiterate our Outperform and raise our target from $175 to $180 on the shares of TE Connectivity (TEL; $159.03) ahead of the company’s FQ3 (Jun) results and outlook, which are scheduled for next Wednesday…

We assume Amphenol (APH; $70.10; E/W) at least extends its recent “beat and meet” streak when it reports Q2 results and provides Q3E guidance next Wednesday (7/24 before market) given that we think the supply…

We reiterate our Outperform and $100 target on the shares of Western Digital (WDC; $77.22) ahead of its FQ4 (Jun) results and outlook, which are scheduled for Wednesday, July 31st (after market). Most importantly, we…

We think underlying fundamentals behind Seagate’s (STX; $109.10; E/W) positive FQ4 (Jun) guidance update last month should comfortably support our and Street’s F2025E (Jun) forecasts, especially when it comes to gross margins, when it reports…

This morning, Bloomberg is reporting that New York City’s Taxi and Limousine Commission (TLC) is working on developing a stricter set of rideshare driver pay rules, which are expected to be introduced over the next…

We think the “expectations game” proves more complex for CQ2 EPS season than recent quarters. On one hand, we believe CQ2 expectations were generally set at reasonable levels especially since our checks suggest a healthy…

This morning, Lucid Group (LCID; $3.03; E/W) announced it delivered 2,394 vehicles (+22% QoQ and +71% YoY), while producing 2,110 vehicles (+22% QoQ and -3% YoY) during Q2. By comparison, our model called for Q2…